State Street Links with Acadia for Margin Dispute Resolution
Posted by Colin Lambert. Last updated: September 22, 2021
State Street’s Collateral+ business is live with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service. The bank says the integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
By leveraging IMEM & MM, State Street says its Collateral+ business will now enable clients to more efficiently comply with Unclear Margin Rule (UMR) regulations. By integrating Acadia’s services onto the Collateral+ platform, State Street’s clients will avoid and resolve disputes for SIMM/Grid calculations, and increase their operational efficiency by providing standard calculation, reconciliation and straight-through margin processes.
“With the pending final phases of the Uncleared Margin rules for OTC derivatives, an increasing number of our clients are looking to replace manual processes with new tools that focus on workflow automation,” says Staffan Ahlner, global head of Collateral+ for State Street. “By maximising low touch operational processes and speedy resolution of disputes, we continue to focus on ‘enabling the trade’ for current and future clients.”